The three important C's in any relationship, that's vital for success and growth, whether it be personal or financial:1.

While there didn’t appear to be any issues with the existing property manager, in my opinion Premier is the GOLD standard, so I expressed my intention to transfer management upon closing.

Well, hold onto your backpacks, because we're about to crack the code of real estate investing – a secret weapon that can turn you into a young millionaire, even before you reach adulthood.Think of real estate like a treasure map hiding mountains of gold (okay, maybe not literal gold, but you get the picture).

@JD MartinThe three reasons you mention on when to sell are gold.

Best to consult a lawyer about incorporating in the best state for your situation.Also, as others have stated, most of your questions are discussed in this article: The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team.

@Noah Laker the neighborhood might change and you will be sitting on gold

-Maintains PNL statements and other administrative duties related to my properties.A good manager is gold.

I also now have a home in Gold Canyon , AZ and have my RE license there as well. 

Taking proactive steps to ensure compliance is vital to prevent potential legal complications in the future.

On the passive side, I agree with @Stuart Udis that the sponsor/operator is the most vital part of vetting a syndication deal.